Deal Details

Sale to Securian Financial Group, Inc.

Healthcare

Sale to Securian Financial Group, Inc.

Summary

Baird served as the exclusive financial advisor to Empyrean Benefit Solutions, Inc. on this transaction

About

Empyrean Benefit Solutions, Inc. (“Empyrean” or the “Company”), a portfolio company of FTV Capital (“FTV”) and Claritas Capital (“Claritas”), has entered into a definitive agreement to be acquired by Securian Financial Group, Inc. (“Securian”). Terms of the transaction were not disclosed. The transaction is subject to regulatory approvals.

Empyrean manages employee health and welfare benefits programs, combining the industry’s most modern, client-adaptive and configurable benefits technology platform with expert, responsive service. The Company provides market-leading enrollment, eligibility management, Affordable Care Act reporting and other plan administration services that empower employers, insurance consultants and healthcare exchanges to meet ever-evolving benefit challenges. Founded in 2006, Empyrean’s integrated platform serves over 3 million annual participants across a wide spectrum of sizes, industries and complexities. Empyrean is headquartered in Houston, Texas.

FTV is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. Founded in 1998, FTV Capital has invested in more than 100 companies since inception. FTV has offices in San Francisco, California and New York, New York.

Claritas is an active investor in healthcare, technology, business services and real estate sectors. Claritas’ investment partners support high quality management teams by providing minority capital for growth and expansion. Claritas has made equity investments in over 50 companies that have collectively raised over $6 billion of financing. Claritas is based in Nashville, Tennessee.

Since 1880, Securian has been committed to providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable. Securian covers over 19 million customers across North America with more than $1.2 trillion of life insurance in force and over $78.5 billion of assets under management. Securian is headquartered in St. Paul, Minnesota.

Healthcare

Sale to Securian Financial Group, Inc.